Time Warner Inc.'s AOL said on Thursday it will offer movies from four major Hollywood studios for downloading on its new Internet video service.

AOL said films from Twentieth Century Fox, Sony Pictures Home Entertainment, Universal Pictures and Warner Bros. Home Entertainment Group will be available for download on AOL Video for $9.99 to $19.99 per movie.

AOL Video is a new service the company launched in August as a one-stop shop to search and download a wide range of video content from the Web.

It said in July that the service will allow users to buy or watch for free thousands of television shows from any one of 45 video-on-demand channels, including programs licensed from Viacom Inc.'s MTV, Nickelodeon and Comedy Central networks and A&E Television Networks.

The service is seen playing a significant role in the transformation of AOL from a business that relies on subscriptions for most of its revenue to one driven by online ad and content sales.

Hollywood studios see digital movie downloads as a way to generate new revenue from old titles, and have invested in online movie sellers such as CinemaNow and Movielink.